Lili, a NYC-based mobile banking service for freelancers in the U.S., raised $55M in Series B funding.
The round, which brings total funding to $80M, was led by Group 11, with participation from Target Global and AltaIR and previous investors.
The company intends to use the funds to expand the platform with new features related to invoice and payment management, as well as to extend into credit products.
Led by serial entrepreneurs with 20 years of fintech experience, CEO Lilac Bar David and CTO Liran Zelkha, Lili is a banking app designed for freelance workers, which combines banking services with real-time expense tracking, tax tools and financial insights.
Founded in 2018, the company serves customers in all 50 states. Banking services are provided by Choice Financial Group Inc., a Member FDIC.